XRP, the native token of Ripple Labs, is attracting significant attention from long-term holders despite a notable sell-off in the cryptocurrency market. On April 4, 2025, data from an on-chain analytics firm indicated that exchanges have been experiencing continuous outflows, even as the token’s price faces a decline.
$55 Million Worth of XRP Outflow
Data from Coinglass revealed that exchanges have seen an outflow of a substantial $55 million worth of XRP tokens over the past 48 hours. This significant movement from exchanges suggests accumulation and raises questions about the optimal buying levels.
Current Price Momentum
Presently, XRP is trading around $2.05 with a price decline of over 5% in the last 24 hours. Nevertheless, the trading volume surged by 95% during the same period, indicating heightened market activity and explaining the token’s outflows from exchanges.
XRP Price Action and Upcoming Levels
Technical analysis experts suggest that the token has reached a critical level after the substantial price drop, creating a decisive moment for XRP. The daily chart shows the formation of a bearish head and shoulders pattern with the token currently near the neckline.
This level holds significance due to its past price behavior. Historically, when XRP reaches this level, it tends to exhibit a price reversal or bounce, potentially explaining the recent outflows from exchanges.
However, if the current market sentiment persists and the price continues to drop, there is a strong chance that XRP could decline by 44% to reach the $1.20 level in the future.
$58 Million Worth of Bullish Bet
Coinglass liquidation data indicates that traders are currently optimistic about XRP. Currently, major liquidation levels or over-leveraged positions are at $2.08 on the upper side and $1.93 on the lower side. At these levels, traders have established $28 million and $58.70 million worth of short and long positions respectively in the past 24 hours.
These levels indicate that bulls currently have the upper hand in the market and are anticipating that XRP’s price will not drop below the $1.93 level in the near future.